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Monday, March 25, 2024

Good news for your 401(k)?

Also: DJT hits Wall Street ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌  ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ 

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The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Mon Mar 25 2024

 

Daniel de Visé Personal Finance Reporter

Good morning! Happy Monday! It's Daniel de Visé with your Daily Money.

The stock market has seemed to follow a crude pattern in recent months: Each time the Fed predicts more interest rate cuts than expected, the market soars.

The dynamic played out again last week when the Federal Reserve stuck to its forecast of three rate cuts this year, despite lingering inflation, Paul Davidson reports. The S&P 500 index has jumped 1.1% since the Fed announcement.

Turns out the market is responding to more than the Fed.

Coming soon to Wall Street: DJT, PDQ

Donald Trump's name can be found on hotels, at golf resorts and even on NFT trading cards. Soon, it'll be on the stock market, too. 

The parent company of Truth Social, the social media platform the former president launched after getting booted from Facebook and X after the Jan. 6 Capitol attack, could start trading on the stock market within days, Bailey Schulz reports.

The ticker symbol the new company plans to use? DJT, for Donald J. Trump. 

📰 More stories you shouldn't miss 📰

Why it pays to work till 70
Chick-fil-A rolls back antibiotic ban?
How to avoid a pernicious consumer scam
Beyond DJT: Clever stock tickers
How's the NASDAQ doing this year?

About The Daily Money

Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you.

Daniel de Visé covers personal finance for USA Today.

Stock market information is screened on the trading floor at the New York Stock Exchange (NYSE) in New York City, U.S., January 25, 2023.

The Fed's plans to cut interest rates seems to be driving up stocks and your 401(k). But it's mostly the economy and earnings.

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The Truth social network logo is seen displayed in this picture illustration taken February 21, 2022. REUTERS/Dado Ruvic/Illustration
 

Donald Trump's Truth Social to trade under DJT on the stock market

Donald Trump's name can be found on hotels, at golf resorts and even on NFT trading cards. Soon, it'll be on the stock market, too.

A person at a laptop with a serious expression.
 

You want to retire, but here's why it pays to keep working until 70

Delaying your retirement by even a single year could result in a higher Social Security benefit.

NOVATO, CALIFORNIA - JUNE 01: In this photo illustration, a Chick-fil-A meal is displayed at a Chick-fil-A restaurant on June 01, 2023 in Novato, California. The fast food chain is drawing criticism on social media for its diversity, equity, and inclusion (DEI) policy. (Photo Illustration by Justin Sullivan/Getty Images)
 

Chick-fil-A rolls back commitment to antibiotic-free chicken

The fast food giant said it would move from No Antibiotics Ever to No Antibiotics Important To Human Medicine starting this spring.

Scam promo image.
 

An elaborate scam targeted a pharmacist: How you can avoid the trap

An Ohio pharmacist thought she was being investigated and was following directions to protect her assets. Instead, she was being scammed.

NHTSA has issued car recalls for March 17-March 23.
 

Hyundai, Kia, Chrysler among 612k vehicles recalled: See recent recalls

The NHTSA recently announced recalls for 612,829 vehicles, which include Mercedes-Benz, Hyundai, Kia, and Chrysler.

Nour Kasm, shown with one of her three children, and her husband have purchased shares in three vacation homes through Pacaso. She is shown outside their Park City, Utah home.
 

High-priced luxury vacation homes within reach using co-op model

Pacaso offers home buyers one-eighth shares in luxury vacation homes, giving access to a home they otherwise may not be able to afford, CEO says.

Starting small is better than not starting a 401(k) at all.
 

What to do with your 401(k) early on to set yourself up for life

The biggest step is just getting started. Here's what to do next with your 401(k).

People look over at Dave's A Pawn Shop at 216 S El Paso Street in El Paso, TX, as they pass by on Tuesday, March 12, 2024.
 

Biden says economy is on the upswing: Pawnshops tell a different story

The Biden administration is trying to convince voters the economy is on the upswing. Growing pawnshop inventory suggests times are still tough.

Stock market information is screened on the trading floor at the New York Stock Exchange (NYSE) in New York City, U.S., January 25, 2023.
 

Clever stock market tickers, from WOOF to LUV

Research shows clever ticker symbols could help attract more investors. Here's a list of some fun tickers trading today.

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